March 30, New Delhi – The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 was discussed in the Lok Sabha, with Finance Minister Nirmala Sitharaman emphasizing the importance of data privacy.She stated that banks must strictly adhere to Know Your Customer (KYC) norms to ensure the...
banking regulations
data privacy
financial regulations
india
insolvency and bankruptcy code
knowyourcustomer
kyc
lok sabha
nirmala sitharaman
reserve bank of india
Union Finance Minister Nirmala Sitharaman stated that banks in the country operate under a strict legal and regulatory framework to ensure the safety and confidentiality of customer data. The Minister was responding to supplementary questions during Question Hour in the Lok Sabha today. Ms...
banking
banking companies act
credit information and companies act
customer data
data privacy
india
knowyourcustomer
kyc
legal framework
public financial institutions act
rbi
regional rural banks act
regulatory compliance
reserve bank of india
state bank of india